Underwriters Laboratories Inc (also known as UL Research Institutes or UL) is a 501(c)(3) nonprofit organization based in Evanston, Illinois. The organization is designated as a public charity focused on consumer protection and safety. UL is a global independent safety science company offering expertise across five key strategic business areas: Product Safety, Environment, Life & Health, University and Verification Services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1B
+6.1% YoY
Annual Giving
$8.6M
+3.6% YoY
Grant Count
48
+23.1% YoY
Avg Grant Size
$180K
-15.9% YoY
Mission & Focus Areas
UL performs research and investigation to advance safety science. The organization engages in public advocacy and provides education to the public to enhance safety awareness.
Primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and research
Grantmaking
UL is an active grantmaker with total giving of $9,317,877 in recent filings. The organization has made 43 grants, with typical award amounts ranging from $5,508 to $2,623,627.
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Geographic Focus
Where this funder awards grants
UL's grantmaking focuses primarily on Illinois, Texas, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $1,137,679,070
- Total revenues: $46,451,010
- Total expenses: $110,181,419
- Total giving: $9,317,877
- Number of employees: 233
Tax-exempt status: Designated as 501(c)(3) since February 1955
Financial oversight: The organization received a Three-Star rating (79%) based on accountability and finance metrics. An independent audit for the fiscal year ending December 2023 identified a significant deficiency in internal controls related to the organization's ability to track and report financial data reliably.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,137,679,070 | $1,071,845,446 | $950,640,126 |
| Revenue | $46,451,010 | $15,352,626 | $1,640,913 |
| Expenses | $110,181,419 | $91,654,071 | $59,203,846 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $37,564,072 | $13,055,739 | $-583,554 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
164 grants across all recorded years
Open Grants
1 open opportunity from Underwriters Laboratories Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Jennifer F. Scanlon serves as President and Chief Executive Officer.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| R ROBINSON | EVP & CFO - UL SOLUTIONS | — | — |
| T BRADY | FMR President & CEO | — | $2,469,462 |
| J MCLAUGHLIN | FMR EVP & CLO -UL SOLUTIONS | — | — |
| T RIVELLI | SVP, CLO, CORPORATE SECRETARY | 40 | — |
| R BLAUSTEIN | SVP, CFO | 30 | — |
| C CRAMER | INTERIM PRES SVP,CRO(EFF 1/24) | 60 | $792,461 |
| M BLACK | VP & SENIOR TECHNICAL ADVISOR | 60 | $569,905 |
| C FARMER | SVP, COO | 60 | $580,806 |
| R BORGER | SVP, CHRO | 30 | — |
| J SHANNON | TRUSTEE | 8 | $72,316 |
| M MURRAY | VP, LEGAL & CORPORATE AFFAIRS | 30 | — |
| S KERBER | VP, EXECUTIVE DIRECTOR - FSRI | 60 | $438,518 |
| D CONCEPCION | VP, CONTROLLER | 30 | — |
| K DELPHOS | VP, CORP. COMMUNICATIONS & PR | 60 | $407,985 |
| B LONG | VP, LEGAL AFFAIRS | 30 | — |
| J CANFIELD | VP OF STRATEGY | 30 | — |
| V MODEKURTI | SVP, CIO | 30 | — |
| J CRISMAN | VP, EXECUTIVE DIRECTOR OF DSRI | 60 | $374,696 |
| S MILLER | VP, EXECUTIVE DIRECTOR - MDRI | 60 | $370,937 |
| J JEEVARAJAN | VP, EXECUTIVE DIRECTOR OF ESRI | 60 | $374,591 |
| D MADRZYKOWSKI | DIRECTOR OF RESEARCH, FSRI | 60 | $366,255 |
| G PUMPUNI-LENSS | DIRECTOR, OPERATIONS PROGRAM | 60 | $350,215 |
| J DOLLIVE | TRUSTEE | 8 | $182,500 |
| Z SUSICE | DIRECTOR, STRATEGY & MARKETING | 60 | $344,499 |
| G WILLIAMS | TRUSTEE | 8 | $207,616 |
| C WRIGHT | RESEARCH DIRECTOR | 60 | $308,122 |
| V PATEL | TREASURER | 30 | — |
| G HORN | RESEARCH DIRECTOR | 60 | $278,756 |
| E TOERSTAD | TRUSTEE | 6 | $172,797 |
| K SZCZECH | SVP, TREASURER - UL SOLUTIONS | — | — |
| B MONKS | FORMER VP - UL SOLUTIONS | — | — |
| P KHOURY | TRUSTEE | 8 | $180,000 |
| D PINES | TRUSTEE | 6 | $167,500 |
| R OWEN | TRUSTEE | — | $167,500 |
| M SCHMID | TRUSTEE | 6 | $165,000 |
Recent News & Activity
Recent developments and announcements
UL Research Institutes has been active in recent grant announcements and recognition:
UL Research Institutes Launches Global $7 Million Discoveries in ...Research scientists at UL Research Institutes received multiple awards from the Society of Toxicology
ULRI Research Scientists Awarded by Society of ToxicologyThe organization launched a Global $7 Million Discoveries in Safety Grants Program
UL Research Institutes Launches Global $7 Million Discoveries in ...UL Research Institutes, in partnership with Northwestern University's Office of Neighborhood and Community Relations, announced winners of the 2025–2026 Sustainable Communities Grant Program
ULRI's 2025\u20132026 Sustainable Communities Grant WinnersSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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